LeftLaneNews

May U.S. sales projected up 2%

Best retail selling rate since August, 2014 projected.

JD Power and LMC analysts are projecting a 2% growth in new-car retail deliveries in May.

According to Reuters analysts expect retail deliveries to hit 1.3 million for the month on a sales-day-adjusted basis.

Industry sales increased by just under 5% in April, a marked improvement over March, which was itself a little flat compared to January and February, where despite bad weather, many automakers were able to post noteworthy sales gains compared to 2014.

Analysts also expect the retail seasonally adjusted annualized selling rate (SAAR) to hit 14.1 million units--a rate the industry hasn't seen since August of 2014, and one that matches last May's.

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